Boston VA Loan Rates, Closing Costs & Stats

Boston-Cambridge-Newton, MA-NH

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Boston's 121 lenders originated 1,828 VA loans during 2024. The total origination value was $1,029,260,000, with an average VA loan value of $563,053.

Boston VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Boston averaged 0.38% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

Boston's average VA mortgage closing costs are $7,473.

The average rate for the prior week (2025-06-27) was 6.81% and one month ago for the week of 2025-05-30, the average rate was 6.64%.

The average rate one year ago was 7.05%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.36%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Boston VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Boston level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 227 6.34% $10,857
UNITED WHOLESALE MORTGAGE, LLC 171 5.89% $9,138
QUICKEN LOANS, LLC 116 5.97% $12,177
FREEDOM MORTGAGE CORPORATION 104 6.12% $10,858
GUARANTEED RATE, INC. 100 6.01% $6,374
CMG MORTGAGE, INC. 78 6.34% $10,533
CROSSCOUNTRY MORTGAGE, LLC 73 6.30% $9,283
PENNYMAC LOAN SERVICES, LLC 64 5.72% $9,040
LOANDEPOT.COM, LLC 62 6.12% $11,899
NAVY FEDERAL CREDIT UNION 52 5.92% $7,901
MOVEMENT MORTGAGE, LLC 47 6.27% $9,557
The Federal Savings Bank 41 6.17% $22,252
GUILD MORTGAGE COMPANY 39 6.15% $10,332
USAA Federal Savings Bank 38 6.10% $12,866
Leader Bank 37 6.10% $7,547
NEWREZ LLC 33 5.93% $10,076
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 6.49% $9,277
EMM LOANS LLC 24 6.20% $11,598
VILLAGE CAPITAL MORTGAGE 23 5.64% $10,262
LAKEVIEW LOAN SERVICING, LLC 18 5.64% $8,197
GUARANTEED RATE AFFINITY, LLC 16 6.25% $5,853
Mr. Cooper ( Nationstar Mortgage ) 14 6.26% $10,598
NBKC BANK 14 5.66% $6,539
BROKER SOLUTIONS, INC. 13 6.34% $10,650
Magnolia Bank 13 5.47% $22,025
TOTAL MORTGAGE SERVICES, LLC 13 6.42% $13,364
RADIUS FINANCIAL GROUP INC. 12 6.27% $14,669
SALEM FIVE MORTGAGE COMPANY, LLC 11 6.31% $15,253
MUTUAL OF OMAHA MORTGAGE, INC. 11 5.95% $17,344
NEW DAY FINANCIAL, LLC 11 7.67% $15,782
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.02% $9,563
First Federal Bank 11 5.77% $9,045
MORTGAGE EQUITY PARTNERS LLC 8 6.08% $14,417
Keystone Funding, Inc. 7 6.13% $14,448
NORTHPOINT MORTGAGE, INC. 7 6.02% $14,129
Barrington Bank & Trust Company, N.A. 7 5.82% $10,131
HARBORONE MORTGAGE, LLC 7 6.13% $4,621
ENVOY MORTGAGE, LTD 7 6.32% $11,649
Presidential Bank, FSB 6 6.19% $12,054
AMERICAN FINANCIAL NETWORK, INC. 6 6.04% $15,205
MSA MORTGAGE, LLC 6 6.00% $8,534
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 6.77% $14,921
Flagstar Bank, FSB 6 6.05% $9,494
Armed Forces Bank 6 5.98% $11,114
PENTAGON FEDERAL CREDIT UNION 5 5.85% $6,537
FIRST MORTGAGE COMPANY, INC. 5 6.67% $8,765
HOMESIDE FINANCIAL, LLC 4 7.06% $16,082
PHH Mortgage Corporation 4 5.34% $12,212
Texana Bank 4 6.03% $18,193
HANSCOM 4 6.41% $8,290
Rockland Trust Company 3 6.71% $14,106
JPMorgan Chase Bank 3 6.37% $1,162
U.S. Bank 3 6.33% $13,656
NORWICH COMMERCIAL GROUP, INC. 3 6.25% $10,316
Northpointe Bank 3 5.67% $9,994
LEADERONE FINANCIAL CORPORATION 3 6.71% $4,419
BAY EQUITY LLC 3 6.33% $9,010
BAYCOAST MORTGAGE COMPANY, LLC 3 6.17% $5,334
PLANET HOME LENDING, LLC 3 4.71% $3,361
NATIONS DIRECT MORTGAGE, LLC 3 6.04% $10,657
ALLIED MORTGAGE GROUP, INC. 3 6.33% $6,882
AMERISAVE MORTGAGE CORPORATION 3 5.96% $21,059
RELIANCE FIRST CAPITAL, LLC 3 5.92% $33,144
ZILLOW HOME LOANS, LLC 2 6.75% $6,895
Ameris Bank 2 5.94% $24,029
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.94% $7,722
Bridgewater Savings Bank 2 6.00% $11,433
CARDINAL FINANCIAL 2 5.62% $6,703
CHURCHILL MORTGAGE CORPORATION 2 6.75% $8,267
DREW MORTGAGE ASSOCIATES, INC. 2 5.75% $10,545
Easthampton Savings Bank 2 6.13% $8,944
EMBRACE HOME LOANS, INC. 2 6.13% $15,972
EQUITY RESOURCES, INC. 2 6.75% $5,517
Evolve Bank & Trust 2 6.50% $4,985
FIRST COMMUNITY MORTGAGE, INC. 2 6.50% $14,007
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $4,604
JMAC LENDING, INC. 2 5.75% $16,599
Lakeview Community Capital, LLC 2 5.50% $5,842
NATIONS RELIABLE LENDING, LLC 2 6.44% $7,828
NEW FED MORTGAGE, CORP. 2 6.19% $14,148
Paramount Residential Mortgage Group, Inc. 2 6.50% $11,885
Plains Commerce Bank 2 6.00% $7,322
Prosperity Home Mortgage, LLC 2 6.25% $5,275
TD Bank 2 6.88% $2,254
The Washington Trust Company, of Westerly 2 6.13% $6,896
TJC Mortgage, Inc. 2 6.13% $7,693
FIRST HOME MORTGAGE CORPORATION 1 7.13% $9,830
PLAZA HOME MORTGAGE, INC. 1 5.63% $3,720
PNC Bank 1 7.25% $22,933
POLARIS HOME FUNDING CORP. 1 7.00% $14,002
FIRST COLONY MORTGAGE CORPORATION 1 6.25% $3,963
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $14,573
FBC MORTGAGE, LLC 1 6.25% $6,796
AMERICAN FINANCING CORPORATION 1 5.25% $17,857
Fall River Five Cents Savings Bank 1 5.75% $10,294
Equity Prime Mortgage LLC 1 6.75% $20,249
Eastern Bank 1 6.13% $4,574
Republic State Mortgage Co. 1 5.25% $20,202
Residential Mortgage Solutions, Inc. 1 6.25% $21,498
CONTOUR MORTGAGE CORPORATION 1 6.25% $25,682
Citizens Bank 1 6.38% $4,527
Semper Home Loans, Inc. 1 6.75% $10,553
Service Federal Credit Union 1 6.25% $8,164
Sierra Pacific Mortgage Company, Inc. 1 5.63% $12,196
SUN WEST MORTGAGE COMPANY, INC. 1 6.63% $32,992
TBI MORTGAGE COMPANY 1 6.00% $6,145
Waterstone Mortgage Corporation 1 6.00% $17,040
Carrington Mortgage Services, LLC 1 5.25% $11,708
The Camden National Bank 1 6.00% $11,648
Bank of England 1 5.88% $24,862
Wells Fargo Bank 1 6.25% $15,934
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $3,588
AmeriHome Mortgage Company, LLC 1 5.63% $3,228
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $17,628
American Mortgage & Equity Consultants, Inc. 1 6.25% $5,330
Paramount Bank 1 6.50% $24,119
AMERICAN INTERNET MORTGAGE, INC. 1 5.25% $3,324
NATION ONE MORTGAGE CORPORATION 1 7.25% $1,495
MORTGAGE ACCESS CORP. 1 6.50% $29,281
LOANPAL, LLC 1 5.25% $25,758
Uwharrie Bank 1 5.75% $8,242

The top Boston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 227 VA loans originated. Their average total fees are $10,857, which is $1,720 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Boston VA lenders (with over 10 loans originated) are GUARANTEED RATE AFFINITY, LLC ($5,853), GUARANTEED RATE, INC. ($6,374), NBKC BANK ($6,539), Leader Bank ($7,547) and NAVY FEDERAL CREDIT UNION ($7,901).

The lowest rate Boston VA lenders (with over 10 loans originated) are Magnolia Bank (5.47%), LAKEVIEW LOAN SERVICING, LLC (5.64%), VILLAGE CAPITAL MORTGAGE (5.64%), NBKC BANK (5.66%) and PENNYMAC LOAN SERVICES, LLC (5.72%).

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.